Facebook May Owe $5 Billion in Federal Taxes
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Facebook May Owe $5 Billion to the Internal Revenue Service
Facebook May Owe $5 Billion to the Internal Revenue ServiceIn its most recent quarterly filing with the U.S. Securities and Exchange Commission, Facebook yesterday stated that it could owe as much as $3 billion to $5 billion in taxes to the Internal Revenue Service.Facebook said it received a Statutory Notice of Deficiency from the IRS on Wednesday, but noted it disagreed with the agency's position and planned to challenge it."Facebook complies with all applicable rules and regulations in the countries where we operate," a Facebook spokesperson told us via email today.
Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
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